A recurring payment also referred to as a subscription, recurring billing, or automatic payment, is an electronically processed payment that repeats according to a preset schedule. Businesses often set up recurring payments to collect fees for memberships, subscriptions, lessons, and services. Recurring payments require customers to sign a one-time authorization form. How Do Recurring Payments.

Automatic Renewal of Membership Dues and Recurring Credit Card Payment Laws Date: December 21, 2015 More associations are instituting automatic membership dues renewal programs, where members’ credit cards are stored and charged periodically. “Recurring billing,” also known as recurring payments, allows a merchant to charge a customer’s credit card for goods or services on a prearranged, recurring schedule. Recurring billing requires obtaining a one-time consent from the cardholder to charge the credit card on file on an ongoing basis until the cardholder withdraws permission. Customizing your Multiple Payments Plan: Choose a plan - If you have saved a Recurring Subscription Pricing Plan for the Offer previously, you can select it from the dropdown menu. Payment amount - Amount paid for each regular payment (i.e., not the Setup fee). Currency - Select the currency for the Offer. If you want to take recurring payments – which we're guessing you will if you're creating a membership site – make sure that you have this option with your chosen payment method. For example with WooCommerce, you would need to purchase an additional add-on (Woo Subscriptions) in order to do this, and with PayPal Pro you have to pay extra.

Sell2memberpaid Memberships And Recurring Payments Taxable